What Does The Future of The Graph and Subgraphs Hold?
Finally, The Graph protocol launched to the main net. Long road in the making. Three years of hard work released in front of our eyes. We are witnessing a project that’s gone beyond ordinary on delivering promises and value to the crypto community. But work on The Graph is not over yet. While the team has made a great effort at making something that works and is used in the crypto space, the real for on the project begins now with the release of the mainnet. This work is for everyone to contribute, the work for the crypto community to help a promising project to grow and develop. So what direction do I see The Graph going in?
Well, in the upcoming months, I see The Graph growing its community in the crypto space. Hopefully, more people will see the usefulness of the project and are willing to join the project either as an indexer, curator, or a delegator. Furthermore, soon, The Graph will be adjusting its token mechanics to improve the economic model of query costs and indexing rewards. Finding the right economy is very important for fair costs for using subgraphs and for receiving rewards for indexing. I’m very interesting to see how this economic model is going to develop as it has applications and implications for the entire Web 3 ecosystem.
Beyond that, I expect The Graph evolving and widening its usage. On one hand, the number of projects and subgraphs being created is going to grow. That, in turn, will hopefully make the development of dApps that rely on data from blockchains much, much easier. On another, The Graph application is going to grow beyond Ethereum blockchain. The Graph team is planning to add the ability to index other blockchains in the future. So, hopefully, one day, we will be able to extract data from any popular blockchain. That alone will thrust decentralized application usage forward.
Eventually, I imagine The Graph growing its technology, usage, and adaption where it essentially becomes a search engine of any blockchain. Who knows, it might grow beyond GraphQL API to a GUI where a user simply writes a query and receives relevant data from a blockchain of their choice. I hope it will become ‘Google’ search of Web 3. How cool would it be to hear people say: ‘What’s a total number of daily transfers of tokenized real estate in our region?’ and hear an answer: ‘I don’t know, let me graph it’.